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31 Lyndsey Lane, McKellar, ON P2A 0B5

3 beds · 2 baths · 1 kitchen · 12 rooms · 8 parking spaces · 2500-3000 sq ft · Detached
$1,899,900
Property tax
$4,301 / year

Waterfront living at its finest! Set on 1.1 private acres with 164 feet of frontage and mature trees, this estate-like property occupies one of the most desired locations on Lake Manitouwabing, Sunset Bay, one of the larger lakes in the area, with public boat launches and a full day's worth of water for swimming, fishing, and boating. Manitou Ridge Golf Club - one of Ontario's premier courses - and restaurant is reachable by boat or by car. This stunning cottage/home is built by Viceroy and offers a spacious waterfront home anchored by a grand living room with a stone fireplace, hardwood flooring on the main floor and loft, and pine finishes in the upstairs loft bedroom. The basement adds a family and games room plus ample storage. Spend your evenings in the enclosed Muskoka room. Plenty of seating area, a cozy space to wind down your days on the water and in the sun, playing games with the family and having a night cap while listening to the sounds of mother nature as it relaxes you for the best night sleep you've had in a very long time! Outside, easy walking paths lead across the grounds to two docks and two decks, with sitting areas for dockside mornings, waterside evenings, and space for kids and pets to play, along with long views down the lake and spectacular sunrises. Jump in with a splash it's deep enough water to go for a swim off your dock and keep your boat. The two-car garage includes a finished second-floor rec room added approximately four years ago. Recent upgrades include new cedar deck boards this year, a new Coleman propane furnace last year with a transferable 10-year warranty, and a new cedar roof with heating cables two years ago. Lake water with heated lines, gravity-fed septic. Top of the line copper eavestrough and downspouts. Bell internet, TV, and phone. A short drive brings you to McKellar, Parry Sound for theatre and the arts, festivals, schools, hospitals, and big box shopping. A pleasure to show!

MLS number
X13702556
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
P2A 0B5
Photos
49
21days · this listing
21days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 863 people.

$79,000Median household income
95.5%Own their home
98.8%Detached houses
62Median age
14.8%Born outside Canada
11.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490191 — the few blocks around this address, home to 863 people. It describes the area, not this property.

863Population
56.5Average age
2Household size
$84,400Average household income
$79,000Median household income
96%Own their home
5%Rent
0%Condominiums
15%Born outside Canada
12%University degree
$740,000Average home value
10%Low income
12%Never married
Under $5,0001%
$10,000 to $14,9991%
$20,000 to $24,9992%
$25,000 to $29,9993%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9998%
$60,000 to $69,9996%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over27%
$100,000 to $124,9999%
$125,000 to $149,9995%
$150,000 to $199,9997%
$200,000 and over4%

Percentages are of the 560 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$379,980 · minimum here is $379,980
$8,412.35per month
Borrowed before insurance$1,519,920
Total borrowed$1,519,920
Interest over 25 years at 4.5%$1,003,784

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$5,603.76per month out of pocket
Rent$3,167.00
Everything it costs to hold$8,770.76
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX Parry Sound Muskoka Realty Ltd. Listing data provided by the Toronto Regional Real Estate Board.